Sezzle (NASDAQ:SEZL) Shares Gap Up – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL) shares gapped up before the market opened on Thursday . The stock had previously closed at $259.57, but opened at $323.28. Sezzle shares last traded at $299.39, with a volume of 62,444 shares changing hands.

Analyst Upgrades and Downgrades

SEZL has been the topic of a number of research reports. B. Riley reaffirmed a “buy” rating and issued a $372.00 price target (up previously from $353.00) on shares of Sezzle in a report on Thursday, December 19th. Northland Securities upped their price target on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th.

Sezzle Trading Down 14.3 %

The company has a market cap of $1.26 billion, a P/E ratio of 23.94 and a beta of 9.72. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The firm’s 50-day moving average price is $323.40 and its 200-day moving average price is $206.11.

Insider Buying and Selling at Sezzle

In other news, Director Kyle M. Brehm purchased 110 shares of Sezzle stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of $360.00 per share, for a total transaction of $39,600.00. Following the transaction, the director now directly owns 3,718 shares of the company’s stock, valued at approximately $1,338,480. This trade represents a 3.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul Martin Purcell sold 1,280 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $376.26, for a total transaction of $481,612.80. Following the completion of the transaction, the director now directly owns 81,496 shares in the company, valued at approximately $30,663,684.96. The trade was a 1.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,707 shares of company stock valued at $3,210,207 in the last 90 days. 57.65% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sezzle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its position in Sezzle by 22.2% during the fourth quarter. SG Americas Securities LLC now owns 1,184 shares of the company’s stock valued at $303,000 after purchasing an additional 215 shares during the last quarter. Covestor Ltd bought a new stake in shares of Sezzle during the 3rd quarter worth $38,000. Modus Advisors LLC bought a new stake in shares of Sezzle during the 4th quarter worth $80,000. MetLife Investment Management LLC increased its stake in Sezzle by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after acquiring an additional 815 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Sezzle during the third quarter valued at about $188,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

About Sezzle

Sezzle Inc operates as a technology-enabled payments company primarily in the United States and Canada. The company provides payment solution in-store and at online retail stores; and through proprietary payments solution that connects consumers with merchants. It also offers Sezzle Platform that provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time; Pay-in-Four, which allows consumers to pay a fourth of the purchase price up front and then another fourth of the purchase price every two weeks thereafter over a total of six weeks; Pay-in-Full that allows consumers to pay for the full value of their order up-front through the Sezzle Platform without the extension of credit; and Pay-in-Two and other alternative installment options, which allow consumer to pay half of the value of their order up-front and the second half in two weeks.